Chinese storage giant ChangXin Memory begins IPO counseling, previously valued at $19.5 billion · TechNode
According to the China Securities Regulatory Commission, ChangXin Memory Technologies (CXMT), a leading domestic DRAM manufacturer, has entered the listing…
Global automakers must be agile in China over next five years, AlixPartners says · TechNode
Foreign automakers will have to embrace “agility” to adapt their vehicle development processes to feed the growing appetite of Chinese…
Volvo starts layoff process at Shanghai office amid global restructuring · TechNode
Sweden-founded carmaker Volvo Cars has begun the layoff process at its research and development center in Shanghai as part of…
Taobao Instant Commerce and Ele.me orders top 80 million a day; tea stocks rally while platform shares slip · TechNode
Taobao Instant Commerce and Ele.me announced that their combined daily orders have surpassed 80 million, including over 13 million non-restaurant…
Toyota, GM-backed startup Momenta planning entry into last-mile autonomous delivery · TechNode
Chinese self-driving technology unicorn Momenta is setting up a team to develop Level 4 autonomous delivery robots in the hope…
Mercedes-Benz set to use in-car OS from Geely-backed firm · TechNode
Mercedes-Benz has partnered with Chinese tech companies Ecarx and Xingji Meizu and will install Flyme Auto—an operating system developed by…
Embodied AI startup TARS completes $122 million angel+ funding round: report · TechNode
On Tuesday, China’s embodied AI startup TARS (Trusted AI and Robotics Solution) announced the completion of a $122 million Angel+…
ROMOSS suspends production for six months · TechNode
Leading Chinese power bank brand ROMOSS unexpectedly announced a six-month shutdown starting July 7, suspending all production and business operations,…
Manus trims China team, relocates core staff to Singapore headquarters · TechNode
Chinese general AI agent developer Manus has reportedly laid off part of its workforce in China and shifted key technical…
New Shanghai policy may accelerate foreign game approvals in China · TechNode
The Shanghai government recently released a new policy document titled Measures to Promote the High-Quality Development of the Software and…
